The Thomson Reuters Corporation and the Dow Jones & Company Inc.

In that case, it will be reported simultaneously by many news agencies, and the key words used in the news articles by the different agencies will overlap with each other. The empirical results shown above suggest that it is in such a situation that investors respond actively to such news article. An alternative interpretation is that simultaneous news reports by a number of agencies themselves stimulate market activity. First, market reactions to news typically occur when the first report is delivered to market participants, and the first report typically takes the form of an ALERT or a HEADLINE. Second, although ALERT and HEADLINE articles are very short, they contain all relevant information available at the time. Given this, we focus our analysis in this paper on ALERTs, HEADLINEs, and the titles of DJ news articles.

  • On the other hand, for a news article with low novelty, we did not find any significant increase in market activity, since the market had already responded to a similar news article reported earlier.
  • The Thomson Reuters Corporation and the Dow Jones & Company Inc. deliver news to market participants around the world within fractions of a second through electronic systems .
  • It has remained below a multiyear high of 3.4%, hit in mid-June.
  • Not only are earnings holding up fairly well, but the market’s expectation that rate hikes will slow down means less pressure on economic demand at some point and less pressure on corporate earnings.
  • Stocks popped after the Federal Reserve raised interest rates by three-quarters of a percentage point, powering the Nasdaq to its best gain since April 6, 2020.

The crypto market is battered by massive liquidations from institutional investors and corporates. Meanwhile, the price of bitcoin, ethereum, BNB, XRP, solana, cardano, luna, dogecoin, and shiba inu bounce back. Receive full access Forex news to our market insights, commentary, newsletters, breaking news alerts, and more. Stock futures ticked lower ahead of a bumper day of corporate earnings reports, including figures from some of the world’s biggest technology names.

Elizabeth Warren Warns That The Us Will Suffer A Devastating Recession If The Fed Doesn’t Ease Rate Hikes

As seen in Figures1 and 2, the reaction of the market activity indicators observed in the actual data is much greater than that calculated using the randomized data, implying that market reactions to news are statistically significant. The Thomson Reuters Corporation Forex news and the Dow Jones & Company Inc. deliver news to market participants around the world within fractions of a second through electronic systems . News items published by over 300 third parties are displayed on the RTRS electronic trading platform.

stock market news today

So while we’ll have to watch the situation closely, we expect the economic recovery to remain on track,” Jeff Buchbinder, equity strategist at LPL Financial tells Fortune. However, the lower the rank is, the more the distribution shifts to the right, implying lower novelty. These findings on changes in the distribution of the novelty measure clearly reject the notion that the results in Figure4 are driven by outliers in the novelty measure. In the case of ALERTs, we observe a jump in market activity in almost all stocks. On the other hand, none of the stocks responded much to HEADLINE news. Centene stock received a flood of price-target hikes today, following yesterday’s strong second-quarter report.

Nasdaq Soars As Fed Raises Rates Again

Revenue increased by $8.84 billion, or 46.8%, to $27.74 billion, well above the FactSet consensus of $25.49 billion. Excluding growth from COVID-19 vaccine Comirnaty and from COVID-19 treatment Paxlovid, revenue grew $128 million, or 1%. The stock has tacked on 2.1% over the past three months through Wednesday, while the S&P 500 undefined has lost 6.2%. Panels and show auto cosine similarity functions and cross cosine similarity functions, respectively. The dashed lines represent the result obtained using the randomized data (i.e., the timing of news arrival is randomized).

stock market news today

But the company’s Azure cloud computing sales grew 40%, and management said on its earnings call that it expects to maintain double-digit overall sales growth this year. The stock, also beaten down for the year, gained 6.7% Wednesday.

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